J. Michael Steele

J. Michael Steele
  • C.F. Koo Professor Emeritus of Statistics

Contact Information

Research Interests: applications of probability, mathematical finance, modeling of price processes, statistical modeling

Overview

Education

PhD, Stanford University, 1975
BA, Cornell University, 1971

Career and Recent Professional Awards

President, Institute for Mathematical Statistics, 2010
Fellow, Institute for Mathematical Statistics, 1984
Fellow, American Statistical Association, 1989
Frank Wilcoxon Prize, American Society for Quality Control and the American Statistical Association, 1990

Academic Positions Held

Wharton: 1990-present (named C.F. Koo Professor, 1991).

Previous appointments: Princeton University; Carnegie Mellon University; Stanford University; University of British Columbia.

Visiting appointments: University of Chicago, Columbia University

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Research

  • V. Pozdnyakov and J. Michael Steele, “Scan Statistics: Pattern Relations and Martingale Methods”. In Handbook of Scan Statistics, edited by (J. Glaz, et al), Springer Verlag, (2019)
  • A. Arlotto and J. Michael Steele (2018), A Central Limit Theorem for Costs in Bulinskaya’s Inventory Management Problem When Deliveries Face Delays, Methodology and Computing in Applied Probability: Special Issue in Memory of Moshe Shaked, 41 (4), pp. 1448-1468.
  • J. Michael Steele (2016), The Bruss-Robertson Inequality: Elaborations, Extensions, and Applications, Mathematica Applicanda (Annales Societatis Mathematicae Polonae Series III), 44 (1) (), pp. 3-16.
  • A. Arlotto and J. Michael Steele (2016), A Central Limit Theorem for Temporally Non-Homogenous Markov Chains with Applications to Dynamic Programming, Mathematics of Operations Research, 41 (4), pp. 1448-1468.
  • Peichao Peng and J. Michael Steele (2016), Sequential Selection of a Monotone Subsequence from a Random Permutation, Proceedings of the American Mathematics Society, 144 (11), pp. 4973-4982.
  • A. Arlotto, Elchanan Mossel, J. Michael Steele (2016), Quickest Online Selection of an Increasing Subsequence of Specified Size, Random Structures and Algorithms, 49 (), pp. 235-252.
  • A. Arlotto and J. Michael Steele (2016), Beardwood-Halton-Hammersly Theorem for Stationary Ergodic Sequences: a Counter-example, Annals of Applied Probability, 26 (4), pp. 2141-2168.
  • V. Posdnyakov and J. Michael Steele (2016), Buses, Bullies, and Bijections, Mathematics Magazine, 89 (3), pp. 167-176. Related
    Links
  • S. Bhamidi, J. Michael Steele, T. Zaman (2015), Twitter Event Networks and the Superstar Model, Annals of Applied Probability, 25 (5), pp. 2462-2502.
  • A. Arlotto, V. Nguyen, J. Michael Steele (2015), Optimal Online Selection of a Monotone Subsequence: A Central Limit Theorem, Stochastic Processes and their Applications, 125 (), pp. 3596-3622.
  • All Research from J. Michael Steele »

Teaching

Past Courses

  • STAT4330 - Stochastic Processes

    An introduction to Stochastic Processes. The primary focus is on Markov Chains, Martingales and Gaussian Processes. We will discuss many interesting applications from physics to economics. Topics may include: simulations of path functions, game theory and linear programming, stochastic optimization, Brownian Motion and Black-Scholes.

  • STAT5330 - Stochastic Processes

    An introduction to Stochastic Processes. The primary focus is on Markov Chains, Martingales and Gaussian Processes. We will discuss many interesting applications from physics to economics. Topics may include: simulations of path functions, game theory and linear programming, stochastic optimization, Brownian Motion and Black-Scholes.

  • STAT9910 - Sem in Adv Appl of Stat

    This seminar is for graduate students who wish to learn about current research frontiers. It covers advanced topics in probability, statistical theory and methods, applied statistics, data science and artificial intelligence. Specific topics vary from year to year and emphasize both theoretical foundations and applications.

Awards And Honors

  • Wharton Undergraduate Excellence in Teaching Award, 2010
  • Frank Wilcoxon Prize, American Society for Quality Control and the American Statistical Association, 1990
  • Fellow, American Statistical Association, 1989
  • Fellow, Institute for Mathematical Statistics, 1984

In the News

Knowledge @ Wharton

Activity

Latest Research

V. Pozdnyakov and J. Michael Steele, “Scan Statistics: Pattern Relations and Martingale Methods”. In Handbook of Scan Statistics, edited by (J. Glaz, et al), Springer Verlag, (2019)
All Research

In the News

The Business of Signing a Superstar Athlete

Kenneth Shropshire, professor emeritus of legal studies and business ethics at the Wharton School, explores the expectations, business opportunities, and community impact that come with signing a superstar athlete like LeBron James.…Read More

Knowledge @ Wharton - 2026/10/16
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Awards and Honors

Wharton Undergraduate Excellence in Teaching Award 2010
All Awards